Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Sees Large Volume Increase – What’s Next?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares saw an uptick in trading volume on Wednesday . 18,853,909 shares traded hands during mid-day trading, a decline of 38% from the previous session’s volume of 30,458,709 shares.The stock last traded at $39.63 and had previously closed at $44.03.

Direxion Daily Semiconductors Bear 3x Shares Trading Down 9.1%

The firm’s fifty day simple moving average is $47.13 and its 200-day simple moving average is $195.62.

Institutional Trading of Direxion Daily Semiconductors Bear 3x Shares

A number of large investors have recently bought and sold shares of SOXS. Tower Research Capital LLC TRC lifted its stake in Direxion Daily Semiconductors Bear 3x Shares by 902,633.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,292,943 shares of the company’s stock valued at $7,177,000 after buying an additional 2,292,689 shares during the period. Virtu Financial LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at $6,178,000. Smithfield Trust Co acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $4,679,000. HRT Financial LP acquired a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at $3,942,000. Finally, UBS Group AG boosted its stake in Direxion Daily Semiconductors Bear 3x Shares by 217.8% during the fourth quarter. UBS Group AG now owns 1,148,500 shares of the company’s stock worth $3,595,000 after acquiring an additional 787,062 shares in the last quarter.

About Direxion Daily Semiconductors Bear 3x Shares

Direxion Daily Semiconductor Bear 3x shares seek daily investment results of 300% of the inverse (or opposite) of the price performance of the PHLX Semiconductor Sector Index (Semiconductor Index). The Semiconductor Index measures the performance of the semiconductor subsector of the United States equity market. Component companies are engaged in the design, distribution, manufacture and sale of semiconductors. As of February 18, 2010, the Semiconductor Index included companies with capitalizations between $1.7 billion and $114 billion.